Downtown & Center Square Office Space for Rent
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Renting Office Space in Downtown & Center Square
Downtown Albany is currently the focus of the state’s massive CAP Initiative, which allocates $200 million for commercial corridors and $150 million for cultural transformations like the State Museum (Source: NY Governor’s Office 2026). Center Square remains the city’s "Historic Jewel," characterized by iconic brownstones and a vibrant arts scene along Lark Street. 2026 marks the year of "The Downtown Reset." Construction is peaking on the $55 million Albany Capital Center expansion, positioning the district as a premier regional event destination. For investors, the "Class A" office-to-residential conversion trend is accelerating, catering to government employees and young professionals who want to be at the center of the CAP-driven revitalizations.
About TenantBase
TenantBase is a technology platform built specifically for tenants. We make the process to find and lease space easier by combining our unique technology with experienced local commercial real estate brokers.
Suite Rates in Downtown & Center Square
Suite Sizes in Downtown & Center Square
Neighborhood Comparison
| Neighborhood | Average Available SQFT | Average Rate / SQFT PER Month | NUMBER OF AVAILABLE SUITES |
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*All data is from sources we deem reliable and is tracked to provide tenants an understanding of market and submarket conditions, however we cannot guarantee accuracy and all data should be confirmed prior to any use in the lease or purchase of real property.